Nigeria’s Buhari Signs Bill to Fight Piracy and Boost Security

0
577

By Tope Alake

President Muhammadu Buhari has signed into law an anti-piracy bill to improve security on Nigeria waterways and exclusive economic zone, the Nigerian Maritime Administration and Safety Agency said.

The so-called Suppression of Piracy and other Maritime Offences Bill will “ensure safe and secure shipping on Nigerian waters, prosecute infractions, and criminalize piracy,” the agency known as NIMASA said in emailed statement Wednesday.

“We are determined to continue to deliver on our promise to investors and the international community to ensure an increasingly safer and more secure environment for profitable maritime business,” NIMASA head Dakuku Peterside said in the statement.

Africa’s biggest country has been a hot spot for piracy incidents over the last 10 years, even though it dropped in the first quarter of 2019, according to the International Maritime Bureau. “Nigerian waters remain risky for vessels,” the the London-based body said in its Q1 report.

The new law provides penalties upon conviction for maritime crimes, restitution to owners of violated maritime assets or forfeiture of proceeds of maritime crimes to the government.

SHARE
Previous articleEmerging market currencies likely have seen the best of 2019
Next articleNigeria confisicates $40m worth Jewelries, Golden Iphone from OPEC first female president
Godwin Okafor is a Financial Journalist, Internet Social Entrepreneur and Founder of Naija247news Media Limited. He has over 16 years experience in financial journalism. His experience cuts across traditional and digital media. He started his journalism career at Business Day, Nigeria and founded Naija247news Media in 2010. Godwin holds a Bachelors degree in Industrial Relations and Personnel Management from the Lagos State University, Ojo, Lagos. He is an alumni of Lagos Business School and a Fellow of the University of Pennsylvania (Wharton Seminar for Business Journalists). Over the years, he has won a number of journalism awards. Godwin is the chairman of Emmerich Resources Limited, the publisher of Naija247news.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.